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Investor Presentaiton

World-class project attributes Brownfield pathway provides potential for substantial capital-efficiency benefits AUGUST 2022 SCOPING STUDY OUTCOME US$620M Pre-production capital expenditure for 1mtpa greenfield development Pre-production capital development intensity (US$ per tonne annual MOP production capacity) 1,310 704 620 560 OHMGEBIRGE PERMITTING PROCESS COMMENCED REQUISITE PRELIMINARY SCOPING PAPER SUBMITTED TO KEY REGULATORY BODY (JUNE 2023) BASED ON DUAL POTENTIAL DEVELOPMENT PATHWAYS Full Spatial Planning Application to be submitted by Q4 CY23 based on a single elected development pathway SOUTHHARZ POTASH OPTION 1: BERNTERODE Preferred brownfield option utilising existing shaft infrastructure offering potential savings to overall CapEx and timing Option 1.A: Bernterode shaft and Bernterode railway station; or Option 1.B: Bernterode shaft and Leinefelde OPTION 2: HAYNRODE Greenfield development pathway with new shaft benefitting from ready access to existing gas, rail and road infrastructure Option 2.A: Haynrode and Leinefelde; or Option 2.B: Haynrode and Bernterode railway station EMMERSON PLC SOUTHHARZ POTASH Highfield BHP Resources 1. Refer ASX announcement 8 August 2022, South Harz confirms that it is not aware of any new information or data that materially affects the information included in that release. All material assumptions and technical parameters underpinning that release continue to apply and have not materially changed. AUGUST 2023 INVESTOR PRESENTATION 7
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